Oppenheimer & Co. Inc. Decreases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Oppenheimer & Co. Inc. lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 53.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,247 shares of the company's stock after selling 15,380 shares during the period. Oppenheimer & Co. Inc.'s holdings in Norwegian Cruise Line were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter worth $26,000. Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $40,000. LRI Investments LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $47,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after buying an additional 1,121 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NCLH shares. Wall Street Zen downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Morgan Stanley reduced their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Loop Capital decreased their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Susquehanna reduced their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average target price of $24.84.

Norwegian Cruise Line Stock Up 2.7%

Shares of NCLH stock traded up $0.58 during trading hours on Friday, hitting $21.95. 10,912,993 shares of the company's stock traded hands, compared to its average volume of 12,914,128. The stock's fifty day simple moving average is $18.50 and its two-hundred day simple moving average is $21.36. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.37 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.